STOCK TITAN

Southern Company helps students attend first ever HBCU Week at Walt Disney World

Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Very Positive)
Tags
Rhea-AI Summary

Southern Company partners with HBCU Week Foundation, Disney, and the Propel Center to award $100,000 in scholarships aimed at promoting attendance at Historically Black Colleges and Universities (HBCUs). The initiative coincides with the largest HBCU Week event, attracting over 5,000 students in Atlanta. Two $50,000 scholarships will support students' education, with the first to be awarded on Oct. 7 during a college fair featuring 50 HBCUs. Southern Company aims to enhance educational access and foster diverse talent for the future.

Positive
  • Awarding $100,000 in scholarships to promote HBCU attendance.
  • Supporting diversity and equity in education through partnerships.
  • Established a $25 million investment via the Propel Center to elevate HBCUs.
Negative
  • None.

The company and partners to award $100,000 in scholarships to students attending    

ATLANTA, Oct. 4, 2022 /PRNewswire/ -- Southern Company joins HBCU Week Foundation, Disney and the Propel Center to help make attending an Historically Black College and University a reality for local students during what is anticipated to be the largest ever HBCU Week event. More than 5,000 students including seniors from Atlanta Public and Birmingham City schools are expected to attend.

HBCU Week, created by the HBCU Week Foundation, is designed to encourage high-school aged students to enroll into Historically Black Colleges and Universities, provide scholarship dollars for their education and help cultivate a pipeline of diverse talent. A central focus of the Orlando, Fla. event, set for Oct. 6-9 at Walt Disney World Resort, is a college fair. Southern Company and its partners will provide a pair of $50,000 scholarships for students to help advance their education at an HBCU.

Each scholarship will be paid in four equal installments, one per year to cover tuition and fees. The first scholarship will be awarded on Friday, Oct.7 at 11 a.m. ET, at the HBCU Week College Fair while the second will be offered through an application process administered by the Propel Center with the recipient announced on Thursday, Nov. 10.

At Friday's college fair, students equipped with their transcripts and standardized test scores will have the opportunity to receive on-spot admission as well as scholarships and awards from the more than 50 HBCUs in attendance.

"HBCUs have a deep and long legacy in shaping and lifting up the leaders of tomorrow," said Chris Womack, chairman, president and CEO of Georgia Power, a subsidiary of Southern Company. "Education is a vital component of success. By alleviating affordability, one of the largest barriers to education, we are helping to ensure the success of companies like ours everywhere."

Southern Company is committed to advancing equity within our company and communities we serve. One such commitment toward these goals is the company's relationship with the Propel Center. In January 2020, Southern Company, along with Apple, became a founding partner of the Propel Center, a first-of-its-kind, global technology and innovation hub that serves all 101 HBCUs. As part of the partnership, the Southern Company Foundation provided a $25 million investment aimed at elevating and amplifying HBCU institutions and helping create new opportunities for students to become future leaders, innovators, and trailblazers.  

"Attaining a college education helps break the cycle of poverty for Blacks and people of color and offer exposure and opportunity that was once unattainable," said Womack. "We want the best, most-inclusive workforce today, tomorrow and beyond. Our investments in HBCUs and Propel are one way we can reach that goal."

About Southern Company
Southern Company (NYSE: SO) is a leading energy company serving 9 million customers through its subsidiaries. The company provides clean, safe, reliable and affordable energy through electric operating companies in three states, natural gas distribution companies in four states, a competitive generation company serving wholesale customers across America, a leading distributed energy infrastructure company, a fiber optics network and telecommunications services. Southern Company brands are known for excellent customer service, high reliability and affordable prices below the national average. For more than a century, we have been building the future of energy and developing the full portfolio of energy resources, including carbon-free nuclear, advanced carbon capture technologies, natural gas, renewables, energy efficiency and storage technology. Through an industry-leading commitment to innovation and a low-carbon future, Southern Company and its subsidiaries develop the customized energy solutions our customers and communities require to drive growth and prosperity. Our uncompromising values ensure we put the needs of those we serve at the center of everything we do and govern our business to the benefit of our world. Our corporate culture and hiring practices have been recognized nationally by the U.S. Department of Defense, G.I. Jobs magazine, DiversityInc, Black Enterprise, Forbes and the Women's Choice Award. To learn more, visit www.southerncompany.com.

 

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/southern-company-helps-students-attend-first-ever-hbcu-week-at-walt-disney-world-301640671.html

SOURCE Southern Company

FAQ

What is the purpose of the scholarships awarded by Southern Company during HBCU Week?

Southern Company is awarding $100,000 in scholarships to support students attending Historically Black Colleges and Universities, aiming to enhance educational access.

When will the first scholarship be awarded by Southern Company?

The first scholarship will be awarded on October 7, 2022, during the HBCU Week College Fair.

How much funding is Southern Company providing for HBCU scholarships?

Southern Company is providing a total of $100,000 in scholarships, with two scholarships of $50,000 each.

Where is the HBCU Week event being held?

The HBCU Week event is taking place at Walt Disney World Resort in Orlando, Florida.

What initiative is Southern Company involved with to support HBCUs?

Southern Company has partnered with the Propel Center, contributing $25 million to support HBCUs and create opportunities for students.

The Southern Company

NYSE:SO

SO Rankings

SO Latest News

SO Stock Data

96.76B
1.09B
0.16%
70.71%
1.68%
Utilities - Regulated Electric
Electric Services
Link
United States of America
ATLANTA